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Calculating the average collection period

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Question: Calculating the Average Collection Period. Ordonez Lumber Yard has a current accounts receivable balance of $583,174. Credit sales for the year just ended were $6,787,626. What is the receivables turnover? The days' sales in receivables? How long did it take on average for credit customers to pay off their accounts during the past year?

Reference no: EM131727816

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